Paul Grosman through the entity Mill Avenue Development, LLC as borrower signed a refi loan with lender Valley National Bank valued at $15 million for two commercial condominium units at 2186 Mill Avenue in Mill Basin, Brooklyn. This is the location of the Hebrew Language Academy Charter School. The deal closed on March 10, 2023 and was recorded on April 28, 2023. The prior lender…
Dia Alqalisi through the entity 1550 Fulton Realty 123 LLC paid $1.3 million for the mixed-use building (K4) at 1550 Fulton Street in Bedford Stuyvesant, Brooklyn through a tax lien foreclosure action. The deal closed on April 20, 2023 and was recorded on April 28, 2023. The property has 2,880 square feet of built space and 5,520 square feet of additional air rights for a…
Mao Harnaga and Torsten Suel paid $2.2 million to Alexander Kaushansky through the entity Mowgli 362 Parkside Avenue LLC for the five-unit residential walkup building (C2) at 362 Parkside Avenue in Prospect Lefferts Gardens, Brooklyn. The deal closed on April 20, 2023 and was recorded on April 28, 2023. The property has 4,000 square feet of built space and 1,923 square feet of additional air…
Rodolfo Fuertes through the entity 2803 Boston Road, LLC paid $5 million to Thomas J. Cannistraci through the entity TJC Operations, Inc. for the industrial building (G2) at 2803 Boston Road in Allerton, Bronx. The deal closed on April 25, 2023 and was recorded on April 28, 2023. The property has 6,542 square feet of built space and 12,175 square feet of additional air rights…
Gary Spindler’s Park-It Management through the entity CMP Holdco LLC paid $7.4 million to the entity 8 Centre Market Place NYC, LP for the eight-unit residential walkup building (C7) at 8 Centre Market Place in Little Italy, Manhattan. Spindler owns the adjacent 10,010-square-foot surface parking lot. The deal closed on April 26, 2023 and was recorded on April 28, 2023. The property has 7,020 square…
Yitzchok Schwartz through the entity Tompkins Estates II LLC as borrower signed a new construction loan with lender Popular Bank valued at $24.6 million for the corner development site at 88-96 Tompkins Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on April 25, 2023 and was recorded on April 27, 2023. The prior lender was Cheskel Weider which held debt that had an original loan…
SL Green Realty through the entity 919 Ground Lease LLC as borrower signed a refi loan with lender Aareal Capital valued at $500 million for the office building (O4) at 919 3rd Avenue in Midtown East, Manhattan. The deal closed on April 25, 2023 and was recorded on April 27, 2023. The prior lender was MetLife which held debt that had an original loan amount…
Danny Zelouf through the entity 240 Broadway Property LLC as borrower signed a loan with lender Israel Discount Bank valued at $23.5 million for the 24-unit mixed-use building (O2) at 240 Broadway in Williamsburg, Brooklyn. The deal closed on March 27, 2023 and was recorded on April 27, 2023. The property has 36,254 square feet of built space according to a PincusCo analysis of city…
Jonathan Ho Ng through the entity 168-07 Northern Blvd LLC paid $2.2 million to Mario Bottali for the mixed-use building (K4) at 168-07 Northern Boulevard in Murray Hill (QN), Queens, and two adjacent vacant parcels. The deal closed on April 20, 2023 and was recorded on April 27, 2023. The three properties have 3,090 square feet of built space and 2,681 square feet of additional…
Juan Perez through the entity Persam 1081 LLC paid $3.1 million to Elliott L. Polinsky through the entity Madison Lumber Corp. for the industrial building (E1) at 866 Madison Street in Bedford Stuyvesant, Brooklyn. The deal closed on April 21, 2023 and was recorded on April 27, 2023. The property has 5,000 square feet of built space and 4,999 square feet of additional air rights…
Joseph M. Goldzal and Asaf Dror through the entity Bmn Uws 26 LLC paid $3.1 million to Mihail Papagiannakis and Emmanoiel Papagiannakis through the entity M.D.M.A. Realty Corp. for the four-unit mixed-use building (S4) at 254 West 88th Street in the Upper West Side, Manhattan. The deal closed on April 21, 2023 and was recorded on April 27, 2023. The property has 4,208 square feet…
The nonprofit Urban Upbound through the entity East River Development Alliance, Inc. paid $5.5 million to the Daniel Group through the entity 31 Stein LLC for the retail building (K2) at 31-35 Steinway Street in Astoria, Queens. The former lender, Kearny Bank, filed a pre-foreclosure action in August 2021, but the parties settled that case quickly a few months later in May 2022. The sale…
Developer Sedesco through the entity Bob 57 Development, LLC paid $77.5 million to Patrick Hotung through the entity Prospect Resources Inc. for the office building (O6) at 37 West 57th Street in Midtown West, Manhattan. The deal closed on April 24, 2023 and was recorded on April 27, 2023. The property has 69,649 square feet of built space according to a PincusCo analysis of city…
The Roman Catholic Church of Saint Anselm and Saint Roch signed a contract to sell a vacant development parcel at 671 Tinton Avenue also known as 799 East 152nd Street in Longwood, the Bronx, to Catholic Charities of New York through the entity St. Anselm Apartments LLC, where the buyer plans to develop a 126-unit affordable housing project. The contract was dated March 28, 2023….
Daniel Reifer, on behalf of his entity Three Nickels LLC, filed a bankruptcy petition to block a foreclosure action against the 85-unit rental building at 555 Ocean Avenue in Flatbush, Brooklyn, with $13.3 million in debts as of last fall. Reifer filed the bankruptcy action following two default notices sent by the lender, Ocean Lender LLC, which announced the end of a forbearance period, and…
Klein Group through the entity 20 Pine Street Investors LLC as borrower signed a refi loan with lender Valley National Bank valued at $16.5 million for four retail condominium units at 20 Pine Street in Financial District, Manhattan. The deal closed on April 12, 2023 and was recorded on April 26, 2023. The prior lender was COMM 2013-CCRES which held debt that had an original…
Slate Property Group through the entity 118 West 13th Street Owner LLC as borrower signed a rehab construction loan with lender Cerco Funding through the entity Cerco Bridge Loans 6 LLC valued at $38.8 million for the building (H8) at 118 West 13th Street in Greenwich Village, Manhattan. The deal closed on April 19, 2023 and was recorded on April 26, 2023. The prior lender…
A Louisiana mineral and oil land broker, Laura M. FitzGerald, through the entity Brooklyn Ilios LLC paid $2.5 million to Joseph Yaakovzadeh through the entity Lefferts Bricks LLC for the two-family building (B1) at 269 Lefferts Avenue in Prospect Lefferts Gardens, Brooklyn. The deal closed on April 18, 2023 and was recorded on April 26, 2023. The property has 2,108 square feet of built space…
UPDATED 10:31 a.m., April 28, 2023: Jeffrey Homapour through the entity Crown Prospect, LLC paid $2.6 million to the estate of Eileen A. James and Rowan James for the four-unit building (C0) at 484 Prospect Place in Crown Heights, Brooklyn. The deal closed on April 20, 2023 and was recorded on April 26, 2023. The property has 3,920 square feet of built space and 559…
Mehrdad Lavian through the entity Throop Ave Bricks Bh LLC paid $2.7 million for the foreclosed property formerly owned by Michael Israel and Amrom Israel, which is an eight-unit residential walkup building (C7) at 417 Throop Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on March 27, 2023 and was recorded on April 26, 2023. The property has 5,750 square feet of built space according…
